Digital Securities Sandbox - Will US Start a Sandbox or a Beach?
Feb 18, 2025 ·
18m 21s
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Description
We're seeing the rise of Digital Securities Sandbox (DSS) around the world. UK started one last year and moving forward by selecting three participants and getting Euroclear on board. EU...
show more
We're seeing the rise of Digital Securities Sandbox (DSS) around the world.
UK started one last year and moving forward by selecting three participants and getting Euroclear on board.
EU started its DLT Pilot Regime in 2023, although progress has been slow.
HK started its Project Ensemble Sandbox with four major banks (HSBC, Standard Chartered HK, Bank of China HK, Hang Seng Bank) conducting trials.
Bank of Japan launched CBDC API Sandbox, and Thailand created Digital Asset Regulatory Sandbox…
So, what's the US doing?
Nothing yet, but I predict we'll see something starting this year.
SEC Commissioner Hester Pierce previously proposed a cross-border sandbox with the UK DSS.
During the Biden administration and the SEC with a D-majority, this proposal got nowhere.
When Paul Atkins is confirmed as SEC Chair, the SEC with a R-majority will likely push this forward.
But it won't be the same as other DSS around the world.
Listen to this episode to learn more!
1:05 - Introduction: What's Digital Securities Sandbox (DSS)?
2:38- UK DSS
7:15 - Three entities that passed UK DSS Gate 1
8:45 - EU DLT Pilot Regime
10:55 - HK Project Ensemble Sandbox
12:52 - What will US do?
17:38 - Conclusion
show less
UK started one last year and moving forward by selecting three participants and getting Euroclear on board.
EU started its DLT Pilot Regime in 2023, although progress has been slow.
HK started its Project Ensemble Sandbox with four major banks (HSBC, Standard Chartered HK, Bank of China HK, Hang Seng Bank) conducting trials.
Bank of Japan launched CBDC API Sandbox, and Thailand created Digital Asset Regulatory Sandbox…
So, what's the US doing?
Nothing yet, but I predict we'll see something starting this year.
SEC Commissioner Hester Pierce previously proposed a cross-border sandbox with the UK DSS.
During the Biden administration and the SEC with a D-majority, this proposal got nowhere.
When Paul Atkins is confirmed as SEC Chair, the SEC with a R-majority will likely push this forward.
But it won't be the same as other DSS around the world.
Listen to this episode to learn more!
1:05 - Introduction: What's Digital Securities Sandbox (DSS)?
2:38- UK DSS
7:15 - Three entities that passed UK DSS Gate 1
8:45 - EU DLT Pilot Regime
10:55 - HK Project Ensemble Sandbox
12:52 - What will US do?
17:38 - Conclusion
Information
| Author | Ha Law PLLC |
| Organization | Ha Law PLLC |
| Website | - |
| Tags |
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